CVD Equipment released their financial results for Q2 2013 - $4.8 million in revenue (up 40% from Q2 2012) and a net income of $874K (compared to a net loss of $440K in Q2 2012). CVD moved to a new, significantly larger facility which reduced their order levels (the current order backlog is $5.5 million).
CVD says they received orders for two large graphene systems - one for a square 300mm substrate and the other for a round 200 mm substrate. The company says that their application laboratory is playing an important part in their ability to deliver next generation equipment that meets the evolving needs of this growing material area.
Last week we reported that CVD and Norway's Graphene Batteries signed a joint-IP development agreement to develop a binder-less graphene-based lithium battery electrodes and related novel battery designs.